Residential Funding Support Summer Intern
Share
Job Location:
Monthly Salary:
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Join a Challenger
Being a traditional bank just isnt our thing so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.
How do we get there With a talented team of inquisitive and agile challengers that break through the status quo. So if youre passionate about redefining the future of bankingwhile having funthis could be your next big opportunity.
Our company continues to grow and today we serve more than 800000 customers acrossCanadathrough Equitable BankCanadasChallenger Bank and have been around for more than 50 years. Equitable Banks wholly-owned subsidiary Concentra Bank supports credit unions acrossCanadathat serve more than six million members. Together we have over$142 billionin combined assets under management and administration with a clear mandate to drive change in Canadian banking to enrich peoples customers have named our EQ Bank digital platform () one of the top banks in Canada on the Forbes Worlds Best Banks list since 2021.
The Work
The Residential Funding Support role ensures the seamless completion of the mortgage closing process by providing accurate and comprehensive data and documentation to the closing service provider. This enables solicitors/agents to initiate the property purchase or mortgage refinance closing process. Following the disbursement of funds the incumbent will perform various administrative functions and finalize the setup of the loan within the mortgage system.
The Core Responsibilities!
- Collaborate with Partners: Work closely with Equitable Banks closing service provider to provide all necessary data and documentation required for solicitors/agents to initiate the closing process for property purchases or mortgage refinances.
- Data Management: Update systems and portals as necessary to tailor borrower data based on loan product and type.
- Effective Communication: Liaise with the Residential Credit Team to identify and resolve inconsistent information affecting the instruction process. Assign tasks for resolution monitor progress and verify corrections to ensure quality outcomes.
- Insurance Documentation: Prepare insurance documents with precision ensuring borrower information is accurate and comprehensive.
- Compliance Assurance: Verify that legal representatives meet all Equitable Bank integrity and compliance standards.
- Portal Monitoring: Oversee the EQB closing service providers portal to ensure that funds have been appropriately disbursed by lawyers to designated parties.
- Issue Resolution: Collaborate with solicitors and the closing service provider to identify and resolve any deficiencies or discrepancies.
- Final Report Review: Analyze final reports submitted by solicitors to ensure Equitable Banks mortgage registration complies with the terms and requirements outlined in the commitment.
- Loan Status Updates: Accurately update loan statuses to reflect the receipt and review of final reports.
- Follow-Up and Escalation: Proactively follow up with solicitors regarding outstanding final reports. Escalate unresolved cases to management for further action.
Lets Talk About You!
- Currently enrolled in University or College program (Finance Business Accounting or Economics is preferred)
- Demonstrated ability using MS Office (Excel PowerPoint and Word)
- Strong organizational skills and demonstrated ability to work under pressure and adhere to tight deadlines
- Strong attention to detail
- Strong analytical skills
- Excellent oral and written communication skills with the ability to respond in a clear concise and professional manner
- Ability to handle multiple competing priorities
- Ability to work in a fast-paced environment
How to Correctly Submit Your Application!
- All applications must be submitted through our company website: note that you must be an active student going back to school. Applications from students who have already graduated will not be accepted unless you need to do a co-op placement in order to graduate.
- Please scan together and submit ONE DOCUMENT that includes your transcripts resume and cover letter. Please note that if the application is not completed properly it will not be accepted.
What we offer For full-time permanent roles
Competitive discretionary bonus
Market leading RRSP match program
Medical dental vision life and disability benefits
Employee Share Purchase Plan
Maternity/Parental top-up while you care for your little one
Generous vacation policy and personal days
Virtual events to connect with your fellow colleagues
Professional development and comprehensive Career Development program
A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyones diverse experiences and tandem with that commitment we support and encourage our staff to grow not just in their career path but personally as well.
We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We cant wait to get to know you!
Required Experience:
Intern
Key Skills
About Company
At Equitable Bank, we specialize in providing branchless financial services that meet the unique needs of all Canadians. Our range of mortgages, savings accounts and investment options are designed to offer the right solutions to match any unique circumstance.
